Yiren Digital (NYSE:YRD) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Yiren Digital (NYSE:YRD) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.

Yiren Digital Trading Down 3.0 %

Yiren Digital stock opened at $5.58 on Monday. The firm has a market capitalization of $485.10 million, a P/E ratio of 1.68 and a beta of 0.72. The business has a 50-day moving average of $5.30 and a 200-day moving average of $4.99. Yiren Digital has a 1 year low of $2.16 and a 1 year high of $9.20.

Yiren Digital (NYSE:YRD) last issued its earnings results on Tuesday, August 20th. The technology company reported $0.65 EPS for the quarter. The firm had revenue of $205.93 million during the quarter. Yiren Digital had a net margin of 37.05% and a return on equity of 24.38%.

Yiren Digital Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a yield of 3.5%. Yiren Digital’s payout ratio is 10.21%.

Institutional Investors Weigh In On Yiren Digital

A number of hedge funds have recently modified their holdings of YRD. XTX Topco Ltd acquired a new position in shares of Yiren Digital in the 2nd quarter valued at approximately $70,000. EntryPoint Capital LLC acquired a new position in shares of Yiren Digital in the first quarter valued at approximately $72,000. Advisors Preferred LLC bought a new stake in shares of Yiren Digital during the first quarter worth $76,000. Ballentine Partners LLC acquired a new stake in shares of Yiren Digital during the third quarter worth $78,000. Finally, Creative Planning bought a new stake in Yiren Digital in the 3rd quarter valued at $89,000. Institutional investors and hedge funds own 1.99% of the company’s stock.

About Yiren Digital

Yiren Digital Ltd. provides financial services through an AI-powered platform in China. Its platform provides a suite of financial and lifestyle services. The company offers financial services, which provides a portfolio of loan products to borrowers; insurance brokerage services; and consumption and lifestyle services, including non-financial products and services to meet various consumer needs.